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how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture of the white house. we are waiting for the ceos to start tricking out of the white house. they are in a meeting right now with president obama talking about the fiscal cliff, talking about ways to get the deficit and debt situation in this country in order. as soon as those ceos start coming out, they include the ceo of honeywell, ibm, a number of ceos in industrial businesses. of course, the only financial services representation there is american express. no other bank was invited to this meeting. as soon as these guys and gals start walking out, we'll bring you some interview
how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture...
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Nov 9, 2012
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to listen to the remarks earlier today of john boehner. this is sort of -- if it were a test question, it would be compare and contrast. let's listen to mr. boehner. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. we know from ernst and young it would slow down our economy. >> he's saying the problem with raising tax rates. the minute you start to hear speaker boehner talking about raising taxes and not following it up with that word "rates," that means the deal is maybe getting a little further away. as long as he is talking about the problem being raising tax rates, i think you can see a path to a deal still here. >> john? >> i agree with that. i think that's exactly the point. that's why boehner said "rates," and it is why obama said "revenue." they're feeling their way toward a way to have a conversation, not easy. we've seen for the last two years it is not easy. but the climate is better now than it was before the election. >> all right. folks, thank you very
to listen to the remarks earlier today of john boehner. this is sort of -- if it were a test question, it would be compare and contrast. let's listen to mr. boehner. >> the problem with raising tax rates on the wealthiest americans is that more than half of them are small business owners. we know from ernst and young it would slow down our economy. >> he's saying the problem with raising tax rates. the minute you start to hear speaker boehner talking about raising taxes and not...
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Nov 11, 2012
11/12
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john boehner has said they will not increase tax rates on anyone. they will put revenue on the table. maybe there is a middle ground for they cannot have their rates go up. >> you're seeing that shift in town right now of republicans talking about this in terms of the loophole closings and that kind of thing. the question is when you do that, do you do that at the end of the year as part of this fiscal cliff package? two-part to do it next year as part of the tax reform deal? that is where the rub is going to be right now. i do not think anybody has figured out when you do these revenue increases. >> we have only heard from the leaders. speaker john boehner had mixed success on getting the rank and file republicans. do we know what they're reading of the election is? same cast of characters making these decisions. >> we will find out next week when members of both the house and senate come back to washington. it is already clear the most conservative members of the house do not see a need to move on taxes and maybe do not see a need to move on this
john boehner has said they will not increase tax rates on anyone. they will put revenue on the table. maybe there is a middle ground for they cannot have their rates go up. >> you're seeing that shift in town right now of republicans talking about this in terms of the loophole closings and that kind of thing. the question is when you do that, do you do that at the end of the year as part of this fiscal cliff package? two-part to do it next year as part of the tax reform deal? that is...
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Nov 8, 2012
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i heard john boehner talk about that earlier today. certainly the president has consistently stressed that point. look, i feel like there is a pinprick of light here, and i know we can argue about how get there, whether it's broader base, higher rates, and clearly the president is on a different side than you guys. but that ought to be something we can sit down at the table and hammer out. >> steve moore, let me go to you on this. first of all, get your take on what president obama said. very interesting he said that. second of all you've got speaker john boehner being very conciliatory. but third of all, steve, i still don't hear anybody talking about cutting spending. i never hear about spending cuts. what's your take? >> i like the idea of the fiscal cliff. i think we should do the sequester. but i think the failure of barack obama's first term was that he tried to do everything with only democratic votes. you know, he tried to pass the -- he passed the stimulus with only democratic votes, the big health care bill with democratic vo
i heard john boehner talk about that earlier today. certainly the president has consistently stressed that point. look, i feel like there is a pinprick of light here, and i know we can argue about how get there, whether it's broader base, higher rates, and clearly the president is on a different side than you guys. but that ought to be something we can sit down at the table and hammer out. >> steve moore, let me go to you on this. first of all, get your take on what president obama said....
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Nov 10, 2012
11/12
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today we heard from house speaker john boehner. take a listen. >> the purpose of fofrjing a bipartisan agreement that continues to solve the problem, we're willing to accept new revenue under the right conditions. >> just an hour later this is what president obama had to say. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> all right. do i hear the foundation for some fiscal cliff common ground? we're going to explore the politics of this. here now is matt miller, and steve malinga and tony fratto who is a former bush 42 white house press secretary. mr. press secretary, i want to go to you first. you look at this, it's sort of hard to understand, and it's a good victory for president obama and the democrats picked up seats in the house -- in the senate and the republicans are now in the house, but there seems to be this common ground compromise coming. politically, why do you suppose that is? >> well, look, because we have divided government, we are going have to have some agreement on
today we heard from house speaker john boehner. take a listen. >> the purpose of fofrjing a bipartisan agreement that continues to solve the problem, we're willing to accept new revenue under the right conditions. >> just an hour later this is what president obama had to say. >> i'm not wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. >> all right. do i hear the foundation for some fiscal cliff common ground? we're going to explore the...
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Nov 16, 2012
11/12
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nancy pelosi and john boehner met with the president this morning. with six weeks left to go, work has to be done quickly. rebecca is live with more on the talks. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white house republican house speaker john boehner and president obama sat side by side both insisting they want and will find macdill. >> our challenge is to make sure that we are able to cooperate, work together, find common ground, make some tough compromises, build some consensus to do the people's business. >> coming out of the meeting are rare image of bipartisan ship. >> we have the recognition that every person in america knows we would not reach agreement. >> we are prepared to put everything on the table provided we fixed the problem. however, we are in the dilemma we are
nancy pelosi and john boehner met with the president this morning. with six weeks left to go, work has to be done quickly. rebecca is live with more on the talks. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white...
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Nov 9, 2012
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you've got to respect john boehner for the following thing. he's willing to do a deal with president obama. i think they have a good personal rapport and expect the deal to get done. >> whitney, do you think if a deal includes reeve knew coming from somewhere but not a tax, would that be acceptable from the point of view that you represent? >> i suspect that it won't be and there will be increased revenues. so i think it's going to be three things. increased taxes. what that level looks at, is it 250 million or above, that's under any foesh yags right now. anthony and i were talking we're both in agreement it should be capped at $500,000. as an example and then thirdly democrats are going to have to touch the third rail for them which is entitlements which they're willing to do that, but only in the context of giving on the wealthiest side who can afford to give more. >> you have stod by the president both figuratively and literally at times on this issue. as an investor, as a hedge fund manager, what do you want to hear from the president tod
you've got to respect john boehner for the following thing. he's willing to do a deal with president obama. i think they have a good personal rapport and expect the deal to get done. >> whitney, do you think if a deal includes reeve knew coming from somewhere but not a tax, would that be acceptable from the point of view that you represent? >> i suspect that it won't be and there will be increased revenues. so i think it's going to be three things. increased taxes. what that level...
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Nov 15, 2012
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and boehner, speaker john boehner, spoke today and said, wait, just cool your jets. we've got a lot of negotiating to do. they're not going to let that happen. but the stock market may be telling us that the house in checkmate will wind up with a recession from the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during the recovery than they did during the preceding recession. 4.8% down versus 2.7% down. unemployment is higher now than when the president first took office. what's made people feel good is a rising stock market. they felt wealthier. now with all these big tax increases coming on on capital gains and dividends, people don't feel that anymore. the significance of this poll, larry, is it's the first poll taken after the election. and the rhetoric has been very strong, also from harry reid. remember, when it looked like romney might win, he said there's going to be in reaching across the
and boehner, speaker john boehner, spoke today and said, wait, just cool your jets. we've got a lot of negotiating to do. they're not going to let that happen. but the stock market may be telling us that the house in checkmate will wind up with a recession from the fiscal cliff. in other words, no deal making means bad recession. is that a scenario -- is that what the market's telling us? >> i think you're dead on. if you look at what's happened, real incomes have fallen much more during...
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Nov 15, 2012
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gentlemen, we were just hearing about tax talk from the president and from john boehner. we've been talking a lot about tax rates. it seems that's dominating the conversation. what about spending? aren't we talking about a very small number in terms of revenue that you can actually get from the so-called wealthy, more than $250,000? in the overall scheme of things, is that going to move the needle on our debt? shouldn't we also be talking about spending cuts? >> we're talking about getting between between 80 and $100 billion a year, which is no small number from revenue with when you consider the fact we have a $1.1 trillion deficit, that's not going to solve our problem. we must also reduce spending if we're going to put our fiscal house in order. >> senator? >> people are always saying, what should we cut? what spending would you like to cut? they say waste, fraud, and abuse. all earmarks, foreign aid, nancy pelosi's aircraft, all compensation for congress. that's nothing. that's about 4% of where we are. you get spending cuts by going into the entitlements programs. th
gentlemen, we were just hearing about tax talk from the president and from john boehner. we've been talking a lot about tax rates. it seems that's dominating the conversation. what about spending? aren't we talking about a very small number in terms of revenue that you can actually get from the so-called wealthy, more than $250,000? in the overall scheme of things, is that going to move the needle on our debt? shouldn't we also be talking about spending cuts? >> we're talking about...
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Nov 14, 2012
11/12
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john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissioner who said to that idea pretty much forgot about it. >> there is a lot of magical thinking about how much money can raise from tax adventures. people will look at that question and concluded i think incorrectly that there is a huge amount of resources. i think that is untrue. >> a dozen of ceos meet with the president and a couple of hours from now after the president's news conference at 1:30. a number of these executives have been to the white house before. members of the export council, jobs council, ceo of of ge, tao, ford, also say what the white house on the different councils in some form or another. cheryl: we will be taken the tae news conference from the president lives and the ceo will have something to chew on afterwards. thank you very much. dennis: might get a little awkwa
john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissioner who said to that idea pretty much forgot about it. >> there is a lot of magical thinking about how much money can raise from tax adventures. people will look at that question and...
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john boehner has already had one. he's going to have a second one. looks like something good is going to happen. if that happens, let's put our optimistic hats on. how good would that be for stocks? >> well, we have the economy moving ahead slowly now. with an acceleration, i believe, coming from rising housing prices and rising housing starts. housing prices in this country, which have been going down for five or six years, in the last six months have started up and they're up broadry and stro rly in many markets. this is not only going to drive housing starts higher but be a tremendous positive for consumer confidence because along with stocks, the value of people's house, the biggest asset they have. it's been under downward pressure. now it's headed the other way. >> right. i agree. this may have had an impact on the election, by the way, because it's so important to individuals. but let me just take you through this. if the so-called fiscal cliff is solved, we avoid the big year-end tax increase, ken heebner, what concerns a lot of people is tha
john boehner has already had one. he's going to have a second one. looks like something good is going to happen. if that happens, let's put our optimistic hats on. how good would that be for stocks? >> well, we have the economy moving ahead slowly now. with an acceleration, i believe, coming from rising housing prices and rising housing starts. housing prices in this country, which have been going down for five or six years, in the last six months have started up and they're up broadry...
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Nov 8, 2012
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i've also found it interesting to hear john boehner and others talk about new revenues, increased r ed revenues. of course, they're talking about broadening the tax base, closing loopholes, closing tax expenditures. i think the president is absolute lie right to start where he ended with his campaign about the expiration of the high-end tax cuts. i would like diana and others who believe that to start specifying which loopholes they want to close. >> it's also important to look at the corporate sector. our corporate tax rate is 35%. the tax on worldwide income. the president and the republicans both say the corporate tax rate should be lowered. that can bring in a vast amount of revenue and business from elsewhere around the globe. >> it sounds like there's a big opportunity here to lower corporate taxes while broadening the base by taking out those loopholes. >> which ones? >> i don't know which ones. that's what i'm waiting to hear. >> exactly. >> i guess carried interest goes away, right? >> that's $15 billion over ten years. >> so we're looking at lowering the corporate tax rate an
i've also found it interesting to hear john boehner and others talk about new revenues, increased r ed revenues. of course, they're talking about broadening the tax base, closing loopholes, closing tax expenditures. i think the president is absolute lie right to start where he ended with his campaign about the expiration of the high-end tax cuts. i would like diana and others who believe that to start specifying which loopholes they want to close. >> it's also important to look at the...
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the president didn't offer any specific thing along the lines what have we heard from john boehner last week, okay, we're there on reven on the table, we'll meet you there. i didn't hear any specific -- >> don't we already have a structure? wasn't that erskine-bowles? it is another committee. >> it is a step back i think from the idea of a deal right now that would trade entitlement reform for tax increases. it sounds to me like it's tax increases for the wealthy in return for a commitment to discuss entitlement reform. >> what you did hear from the president is a statement that the american people knew what they were get what they re-elected me. he also said there is a big contrast between me and mitt romney on the campaign trail and i'm the guy who won the election. >> as one of our smart viewers tweeted in which i thought was so smart -- it's all fun and games until you have to name specific entitlements you want to cut. right? we need more specifics from both sides. all right, going to a break here but after the break, steve leisman, stick around. we also have something today called
the president didn't offer any specific thing along the lines what have we heard from john boehner last week, okay, we're there on reven on the table, we'll meet you there. i didn't hear any specific -- >> don't we already have a structure? wasn't that erskine-bowles? it is another committee. >> it is a step back i think from the idea of a deal right now that would trade entitlement reform for tax increases. it sounds to me like it's tax increases for the wealthy in return for a...
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Nov 11, 2012
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president obama is lucky to have john boehner on the other side that have table because john bainer is not a crazy person. and he can work a deal. right now he simply does not have the votes. but -- again, the president does have to lead here. he has to bring something to the table. he has to be willing to give some that so that john boehner can bring his people to the table, too. but he can deliver. he's been mischaracterized i think. it's convenient for the white house to say, oh, boehner can't get his people behind him. boehner always gets his people behind him but the president has to bring something forward. chris: i'm thinking there's a possible deal there where boehner says i can release enough people for to you join your side, and you can get it passed. >> the tea party has been folded into the republican party them. don't like it. but -- chris: here we go, the big question for the president. does he go hard left, push for big tax increases on the rich? hold out for the toughest, most progressive program which will be applauded by the people on the left and say, they're already
president obama is lucky to have john boehner on the other side that have table because john bainer is not a crazy person. and he can work a deal. right now he simply does not have the votes. but -- again, the president does have to lead here. he has to bring something to the table. he has to be willing to give some that so that john boehner can bring his people to the table, too. but he can deliver. he's been mischaracterized i think. it's convenient for the white house to say, oh, boehner...
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Nov 8, 2012
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you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until january 3, 2013. if he cuts a deal with barack obama, he faces a serious revolt in his own caucus. >> tom: is your caution then don't expect a fiscal clip solution before january 3rd? is that what investors to expect? >> the best way out of this impasse for the time being, is gracious gesture for the president-elect, re-elect, president obama, he should offer to extend the tax cuts perhaps until march of next year. giving john boehner an opportunity to win his own re-election, and gather some goodwill on the republican side of the aisle. if mr. obama doesn't see it that way, we're in for a rough ride until next januar
you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until january 3, 2013. if he cuts a deal with barack obama, he faces a...
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. >> rick, i thought it was interesting yesterday that john boehner came out and said, look, we want to do a deal, we want to reach across the aisle, get things done. the president as well called his republican counterparts. do you think there's room for compromise here? what do you think happens? >> i don't think i have nearly enough information to say whether there's room for compromise. if i look at actions in history, things that are tangible, i guess my answer would probably be no. do i have some hope? yes, but hope isn't quantifiable. what's quantifiable is today's 30-year bond auction. i'll tell you what. we can talk about europe. it was spectacular. look at the charts, what happened at 1:00. look at the fact that we're at the lowest yields in a couple months in the 30-year. the longest duration instrument, and everybody's racing for a number of reasons. this election definitely maybe was one on social issues, immigration issues, but on the business side, it is clear. things like dodd frank aren't even part of the fiscal live. those issues are going to remain. taxes most likel
. >> rick, i thought it was interesting yesterday that john boehner came out and said, look, we want to do a deal, we want to reach across the aisle, get things done. the president as well called his republican counterparts. do you think there's room for compromise here? what do you think happens? >> i don't think i have nearly enough information to say whether there's room for compromise. if i look at actions in history, things that are tangible, i guess my answer would probably be...
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Nov 13, 2012
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john boehner wants to find common ground. and even sean hannity is trying to shift to the middle. >> we have to get rid of the immigration issue all together. it's simple. you control the border first. you create a pathway for those that are here. you don't say you have to go home. and that's a position i have evolved on. because you know what, it's got to be resolved. the majority of people here, some have criminal records, you can send them home. but if they are law-abiding, kids are born here, first secure the border, pathway to citizenship, done. whatever little penalties you want to put in there. then it's done. >> pathway to citizenship, done. where was all this talk before the election? you see this is all about getting votes. it's not coming from the heart. reforming immigration policy is a huge risk for the republicans. they could alienate their base. there's no guarantee they will win the latino vote in the long run. let's turn to ruy teixeira. great to have you with us. >> delighted to be here. >> you predicted thi
john boehner wants to find common ground. and even sean hannity is trying to shift to the middle. >> we have to get rid of the immigration issue all together. it's simple. you control the border first. you create a pathway for those that are here. you don't say you have to go home. and that's a position i have evolved on. because you know what, it's got to be resolved. the majority of people here, some have criminal records, you can send them home. but if they are law-abiding, kids are...
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Nov 14, 2012
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already we're seeing certainly that in the case of john boehner and the big question for everyone is whether or not he can get his rather radical troops in the house in line. they have to make a deal. they will make a deal. the business community that supports both parties wants a deal. i am hoping that the president will hold to his principles this time and get a deal that is good for the country. the republicans will have to give up a lot. we're seeing signs that they might. >>tavis: you said to three thins that you always do when you open your mouth. let me pick on some things and get you back on package. tell me what you believe republicans will not do the opposite of compromise which is to dig their heels in. when somebody takes this kind of shocking, there are two ways to respond, gracefully or arrogant way. pompously. tell me why you believe they are not going to dig their heels in, looking there ones after this election verses compromising and getting along with the president regrets over the long term the me not and they may well dig their heels in. we do not know yet and i
already we're seeing certainly that in the case of john boehner and the big question for everyone is whether or not he can get his rather radical troops in the house in line. they have to make a deal. they will make a deal. the business community that supports both parties wants a deal. i am hoping that the president will hold to his principles this time and get a deal that is good for the country. the republicans will have to give up a lot. we're seeing signs that they might. >>tavis:...
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Nov 8, 2012
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boehner addressed the budget cuts to the pentagon and some programs that will begin next year. both republicans and democrats have said they will try to avoid those so-called fiscal cliff budget cuts at all costs. >>> the day after the election wall street took a beating. [ bell ] >> the white house is staying blue but stocks were in the red. the dow is down 312 to 12,932. its 81st worst day of the year. take a look. the dow lost 313 points today. the day after president obama was elected in 2008 it dropped 486 points. the market always doesn't move down following presidential elections. when bill clinton was reelected it rose 96 points. >>> voters approved a sales tax increase to fund county programs. it would raise $50 million each year for programs like the medical center and public health and welfare. san jose's minimum wage will increase from $8 to $10 an hour. voters approved measure d. it will take effect 90 days after results are certified. san jose measure e passed. it allows them to expand the number of tables over the next two years and allows card rooms to offer gam
boehner addressed the budget cuts to the pentagon and some programs that will begin next year. both republicans and democrats have said they will try to avoid those so-called fiscal cliff budget cuts at all costs. >>> the day after the election wall street took a beating. [ bell ] >> the white house is staying blue but stocks were in the red. the dow is down 312 to 12,932. its 81st worst day of the year. take a look. the dow lost 313 points today. the day after president obama...
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Nov 14, 2012
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john boehner shouldn't have a press conference. get john boehner at a small group of congressman together and say whatan we work out? all we're doing is playing politics, everybody will get locked into one position or another, let's see what we can work out and then announce it is something we have agreed upon. that is the way you do it, instead you'rsteadier quebec thy politics that di't produce what we needed to have. neil: what worries me is this hope is dashed. >> they should have put together bipartisan group, all they're doing is put on defensive by the self-interest groups they are meeting with. does not make much sense. neil: they made it very clear, nothing from us. and he owes them, right? >> they got him reelected. neil: time is urgent, timto say time is wasting. >> who didn't have to completely ignore the political thank you, but if you sttrt off and have couple of meetings with the leers of the democrats in the house and the republicans in the house and in the senate, and do it on a bipartisan basis. the only way it wi
john boehner shouldn't have a press conference. get john boehner at a small group of congressman together and say whatan we work out? all we're doing is playing politics, everybody will get locked into one position or another, let's see what we can work out and then announce it is something we have agreed upon. that is the way you do it, instead you'rsteadier quebec thy politics that di't produce what we needed to have. neil: what worries me is this hope is dashed. >> they should have put...
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the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort of automatic cuts that we see as a sequester, and the tax increases and have a mechanism you can replace them with. listen to the congressional leaders in their photo op in the white house before thanksgiving that they had today. >> we've put revenue on the table, as long as it's accompanied by significant spending cuts. >> we have a cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. >> we fully understand
the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort...
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Nov 13, 2012
11/12
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then if president obama and john boehner can rise above and get a deal done for the fiscal cliff, there is a lot of money that could be made in stocks. and why shouldn't top military and business leaders maintain an honorable code of conduct? isn't it better to have a moral center? general david petraeus is a great man. but he made, unfortunately, a great mistake. first up, are we on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have the money to pay for it. >> r
then if president obama and john boehner can rise above and get a deal done for the fiscal cliff, there is a lot of money that could be made in stocks. and why shouldn't top military and business leaders maintain an honorable code of conduct? isn't it better to have a moral center? general david petraeus is a great man. but he made, unfortunately, a great mistake. first up, are we on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake...
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Nov 16, 2012
11/12
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CNBC
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now, even john boehner and mitch mcconnell came out of that meeting in the white house and used the word revenue. it's on want table. they are acknowledging they will raise revenue. the only way i know to raise revenue is to raise taxes. i mean, does it sound to you like there's going to be a tax increase after all? >> no. if you remember, the comment that boehner and mitch mcconnell have made is they want revenue from economic growth. the best way to get revenue for the federal government is to grow the economy faster rather than slower. if you grow at 4% a year instead of 2% a year for one decade, the government raises $5 trillion. that is how you balance the budget. you cut spending, just as the republicans did in the last half of the 1990s. they cut the capital gains tax. we had more growth, and we slowed spending. that's what we need to focus on, not raising taxes on the american people and of course, obama's tax increases are there, but he hasn't put any spending restraint on the table. we look forward to seeing what he might be thinking of. >> mr. norquist, if you had to put money
now, even john boehner and mitch mcconnell came out of that meeting in the white house and used the word revenue. it's on want table. they are acknowledging they will raise revenue. the only way i know to raise revenue is to raise taxes. i mean, does it sound to you like there's going to be a tax increase after all? >> no. if you remember, the comment that boehner and mitch mcconnell have made is they want revenue from economic growth. the best way to get revenue for the federal...
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Nov 9, 2012
11/12
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WBAL
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tears on barack obama's cheeks, looking a bit like john boehner. but now they will battle. for the past four years, republicans have been super- unified, not one defector in some of the biggest fights. now, before his second term even starts, president obama is vowing to get gop allies for this fight. wbal-tv 11 news. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> some breaking news out of baltimore city. a police officer has been suspended without pay. that is according to a police department spokesperson. this is pending a criminal investigation by the fbi. the officer was assigned to the violent crime impact division. he has drawn scrutiny and other alleged misconduct cases. stay with 11 news as we monitor the story for other developments. >> baltimore police officers spend the night knocking on doors in the search for parents of a two-year-old found wandering alone. police have located the child's parents after working with child protective services. the child was found by himself along the 4
tears on barack obama's cheeks, looking a bit like john boehner. but now they will battle. for the past four years, republicans have been super- unified, not one defector in some of the biggest fights. now, before his second term even starts, president obama is vowing to get gop allies for this fight. wbal-tv 11 news. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> some breaking news out of baltimore city. a...
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>> they don't like obama's obama's, like harry reid are john boehner. these are the people that brought us to this point* but now they will get into roomto fix the problem they brought to was? i don't think so. the only good news december is seasol strength also 2013 we get more bearish into the year. gerri: is here any place to run and hide? >> housing stocks. gerri: they are already up. >> listen. something is going on. the nasdaq was down 80% through 2003 because interest rates stay low. short-term bonds but my big worry hitting the of financial stocks they broke down a few names as be real worried. gerri: as a result over regulation for financial's? >> of course. elizabeth warren has the senate seat wants to put the stranglehold on financial companies. we are dealing with what should be the opposite. too much government to much government spending, it has never worked in the history of time but that is the recipe and the market voted today. >> people are out there who say that is what we need. the market is not doing well, and neither is the economy
>> they don't like obama's obama's, like harry reid are john boehner. these are the people that brought us to this point* but now they will get into roomto fix the problem they brought to was? i don't think so. the only good news december is seasol strength also 2013 we get more bearish into the year. gerri: is here any place to run and hide? >> housing stocks. gerri: they are already up. >> listen. something is going on. the nasdaq was down 80% through 2003 because interest...
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Nov 9, 2012
11/12
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CURRENT
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he needs a way to say he is going to get more revenue, and john boehner needs a fig leaf too. he can't raise taxes, he needs to say i'm raising revenue, and i'm not raising taxes, they get a deal and do some sort of tax reform in 2013. >> jennifer: very interesting. thank you so much for joining us. and coming up, if you want to be president, you have got a looming financial disaster on one plate and now a national security crisis on the other. cia director is sending shock waves through washington but suddenly resigning over an extramarital affair. plus united states now has only one female democratic governor the quantity is embarrassing, the quality on the other hand is not. new hampshire's mag give hanson is going to end ter "the war room." and the destruction provided by hurricane sandy provided a climate change overhaul. so now what do we do? we'll pose that great to the great bill mckib bonn. it's friday night. we are just getting started. (bleep)ing hat. >> i knew he needed to get out of the house i knew this would give him so much life. >> (grunting) >> i love getting
he needs a way to say he is going to get more revenue, and john boehner needs a fig leaf too. he can't raise taxes, he needs to say i'm raising revenue, and i'm not raising taxes, they get a deal and do some sort of tax reform in 2013. >> jennifer: very interesting. thank you so much for joining us. and coming up, if you want to be president, you have got a looming financial disaster on one plate and now a national security crisis on the other. cia director is sending shock waves through...
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Nov 16, 2012
11/12
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CNBC
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he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're ashamed of it. >> if we do get our house in order, future of america is really bright. if we don't, we're well on our way it to becoming a second rate power. >> bowles sees a one third chan of a deal during the lame duck session of congress. a one third chance nothing gets done and the economy moves into chaos. let's hear in michael gurhka. the economy moving in to chaos, is that why we're seeing this market action? >> i'm not surprised because on the equity side, it's always about confidence and right now a lot of politicians have not given the market any confidence whatsoever. so
he meets with harry reid, mitch mcconnell, john boehner and in an say palau and i. in an say pelosi. speaking on on thursday, simpson and bowles said washington hasn't been able to resolve the fiscal cliff because lawmakers haven't been focused on what's right for the country. >> leaders think it would be to their advantage to go off the fiscal cliff. what a wonderful trait that is, that we can win more as democrats if we let it go or more as complains. people are sick of that and they're...
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Nov 8, 2012
11/12
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CURRENT
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i do believe that he'll do a deal with john boehner largely on john boehner's terms i hate to break it to you the first day after the election. but from time to time i know what i'm talking about this stuff. president, this is the first time you have leverage, for god god's sake, use it. >>> the senate race, a political bloodbath for the republicans. can't wait to talk about that. >> and i am well aware that i will be the first openly gay member. [ cheering ] >> cenk: damn straight. ironic. and then, elbow of the day. we got a lot of them. who are they going to land on. wait until you see what we do to you're about to watch a viewer created ad message for little caesars who proudly salutes unites states veterans everywhere. >> hi, i'm rick loz. i joined the united states air force in 1987. as i was leaving the service i went into a civilian career for a little bit but i was looking for a little bit more than what the civilian career had to offer me and that's when learned about the little caesars veterans program. the little caesars veterans program helps the veterans transition to civ
i do believe that he'll do a deal with john boehner largely on john boehner's terms i hate to break it to you the first day after the election. but from time to time i know what i'm talking about this stuff. president, this is the first time you have leverage, for god god's sake, use it. >>> the senate race, a political bloodbath for the republicans. can't wait to talk about that. >> and i am well aware that i will be the first openly gay member. [ cheering ] >> cenk: damn...
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Nov 9, 2012
11/12
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WBAL
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last night house speaker john boehner said he's optimistic about an agreement telling abc's diane sawer he's the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about. >> i made clear yesterday that raising tax rates is unacceptable. frankly, it couldn't even pass the house. >> at issue here, a perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it down for you. >> reporter: the campaign was tough. victory was sweet. now comes the hard part. >> on january 21st, 2013, there's going to be a massive fiscal cliff. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax heights and spending cuts that congress agreed to to force themselves into a compromise but so far they haven't agreed on anything so barring a last-minute fix at the stroke of midnight on new year's eve the tax cuts expire, alternative minimum tax kicks in, more than half the fami
last night house speaker john boehner said he's optimistic about an agreement telling abc's diane sawer he's the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about. >> i made clear yesterday that raising tax rates is unacceptable. frankly, it couldn't even pass the house. >> at issue here,...
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Nov 10, 2012
11/12
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WETA
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let's rise above the this function and do the right thing for our country. >> later john boehner told diane sawyer he is the most reasonable, responsible person in washington and the president knows that. the fiscal cliff looms at the end of the year. will we reach a compromise before then, charles? >> i do not think it will be a comprehensive compromise. i think they will be able to patch something together. i think they will be able to agree on it true tax reform sometime next year. i think they will get past the cliff. if he insists on raising rates, he will be stymied. >> what is the message? >> it is a mixed message. i think we all agree the cornerstone of the president from message is we raise taxes on those earning over $250,000. mitt romney pledged to repeal obamacare. these are the essential points of their candidacies. i think he can point to that. but at the same time, he has to deal with the republican house and john painter has to deal with the republican house. john boehner -- he is not being humbled by saying that he is the best that the president has in the republican
let's rise above the this function and do the right thing for our country. >> later john boehner told diane sawyer he is the most reasonable, responsible person in washington and the president knows that. the fiscal cliff looms at the end of the year. will we reach a compromise before then, charles? >> i do not think it will be a comprehensive compromise. i think they will be able to patch something together. i think they will be able to agree on it true tax reform sometime next...
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Nov 8, 2012
11/12
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CURRENT
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what is john boehner's plan. i don't know what he's asking us for. >> yeah, i didn't realize what exactly he was saying. i talked to three or four different people about it, and i heard three or four different interpretations. the republicans in congress, the leaders, boehner is very nervous about whether he's going to maintain his speakership. mitch mcconnell is very nervous about how the senate is going to react to the new situation on capitol hill. it's going to take some time for this to play out. it's just going--it's not going to happen quickly. and if people think--people watching the news, eliot might be thinking that republicans suddenly are going to release that they have to change their stripes, and they have to be different--no, no, no. they're not going to realize that suddenly at all. >> eliot: this was not an epiphany moment for the republican party. you said something interesting. that john boehner may be worried about his speakership. who would challenge him and how likely would it be that they c
what is john boehner's plan. i don't know what he's asking us for. >> yeah, i didn't realize what exactly he was saying. i talked to three or four different people about it, and i heard three or four different interpretations. the republicans in congress, the leaders, boehner is very nervous about whether he's going to maintain his speakership. mitch mcconnell is very nervous about how the senate is going to react to the new situation on capitol hill. it's going to take some time for this...
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Nov 13, 2012
11/12
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CURRENT
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john boehner is signaling what he wants is to get an agreement that all the spending and all of the bush tax cuts will simply continue on after january 1st. >> eliot: i hate to sound like a broken record, but i completely agree with you. the president gains strength by waiting. i've written this. you've written this. the bush tax cuts expire of their own accord and the president is sitting there with a tax increase on the middle class but then he turns to the republicans and says lower tax taxes, and how can they vote against that. there were twin scourges that were predictedded by the deficit hawks. one, we would have rampant inflation if we had continued deficit spending, and the other that interest rates would necessarily skyrocket. neither has happened. >> quite the opposite. the yield on a ten-year treasury is below 2%. the dollar is basically a safe harbor for global sabers the united states and elsewhere because a lot of other places around the world are much more uncertain than the united states. so it is possible for the treasury to borrow at rock-bottom rates right now. there i
john boehner is signaling what he wants is to get an agreement that all the spending and all of the bush tax cuts will simply continue on after january 1st. >> eliot: i hate to sound like a broken record, but i completely agree with you. the president gains strength by waiting. i've written this. you've written this. the bush tax cuts expire of their own accord and the president is sitting there with a tax increase on the middle class but then he turns to the republicans and says lower...
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Nov 9, 2012
11/12
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MSNBC
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. >>> last night house speaker john boehner -- also, he's not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear yesterday that raising tax rates is unacceptable and frankly it couldn't even pass the house. >> at issue here is this perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it dun for you. >> reporter: the campaign was tough. victory is sweet. now comes the hard part. >> on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's night mare combination of tax hikes and spending cuts the president agreed to to force themselves into a compromise. so far, they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expeer. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000
. >>> last night house speaker john boehner -- also, he's not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear yesterday that raising tax rates is unacceptable and frankly it couldn't even pass the house. >> at issue here is this perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it dun for...
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Nov 10, 2012
11/12
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FBC
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no, i think a lot of john boehner, ad goo man, a good leader, but he does have a lot of people to answer to, a lot of pressure on him, recriminations, and autopsy's being done on why we lost the white house. i think he's a little bit flexing to that, but at the end of the day, before he makes statements, i think most members would appreciate he consult with us first. neil: you're angry that he didn't? >> well, i don't want to characterize it as anger, but i just simply feel like we would have been betterserved and the american people would be better served to consult with other republicans before going out on a limb on some of the statements that arguably vague. neil: okay. congressman. we'll watch closely, bears watching here, a possibl revet without signing on to revenue of any sort. this is a mute point in california right now. they had two different propositions, two, to raise taxes, not just on the upper income, but everybody. californians agreed to it, both measures, overwhelmingly. that state's former governor davis on the meaning of that for the nation after this. neil: i was thi
no, i think a lot of john boehner, ad goo man, a good leader, but he does have a lot of people to answer to, a lot of pressure on him, recriminations, and autopsy's being done on why we lost the white house. i think he's a little bit flexing to that, but at the end of the day, before he makes statements, i think most members would appreciate he consult with us first. neil: you're angry that he didn't? >> well, i don't want to characterize it as anger, but i just simply feel like we would...